TD Bank Selected by Ally Bank to Provide New Credit Card Offering

TD Bank’s Credit Card and Merchant Solutions business today announced that it has selected TD as the issuer of the Ally CashBack Credit Card.

As a result of this union, Ally will be able to leverage TD’s expertise in customized card programs and impeccable track record of positive card relationships.

“Our top considerations for Ally Bank’s first credit card product were providing our customers with a competitive product that reflected the value and service they have come to expect, while also balancing speed to market,” said Diane Morais, Chief Executive Officer and President of Ally Bank. “Our customers wanted a credit card and through our relationship with TD, we were able to deliver a customized solution in a timely manner and expand Ally Bank’s product offerings.”

The Ally CashBack Credit Card offers one of a kind features, like no cap and no expiration on reward earnings, as long as the cardholder’s account is open and in good standing.

Other benefits include accelerated rewards on eligible gas and grocery transactions, and 10 percent additional bonus on rewards earned when the card owner redeems their cash back rewards into an eligible Ally Bank account.

“At TD Bank, we are able to offer companies a supportive, holistic relationship to meet card program objectives, along with the assurance of TD’s legendary customer service,” commented Mike Rittler, Head of Retail Card Services at TD Bank. “We work with each company to design a card program that meets their own unique business goals. We are excited that Ally has chosen us to issue their credit card, a card that provides real value to their existing and future customers.”

TD Bank has substantial experience in structuring and implementing a wide variety of highly customized credit card relationships. As a trusted business partner, TD offers a full range of payment processing solutions and payment innovation for all types of businesses.”